With this rocky economy, many Americans are finding ways to get some extra money by cashing in on some old junk around the house. One popular item up for sale is gold jewelry.
11 News told you a few weeks ago about the growing popularity of people selling their jewelry to coin stores. Now, people are starting to hold gold parties at their homes. They're just like tupperware parties that were popular a few decades ago. You can bring your old jewelry, like a broken necklace or old ring and sell it for cash. It's a new way for people to get entrepreneurial in these tough economic times.
Wendy Bowling was just hoping to make a fast buck at an open house in Colorado Springs, sponsored by a gold buyer called Goldman’s Too. She found some old jewelry, including her husband's necklace from the 1980's. "If he wears it now, I told him I’d divorce him," Bowling laughed.
The gold vendor inspected Bowling’s jewelry to make sure it's at least 10 karat.
"For the people at home with gold stuff, run a magnet over it. If the magnet picks up the jewelry, then it’s not gold," said Kurt Lausman with Goldman’s Too.
"It (the old jewelry) ended up being $269. I'm happy," said Bowling. That's money that can help pay some of her bills.
“Now, I’m going to go home and see if I can find more," said Bowling.
While Sunday’s event was hosted by a vendor, you can host your own party with a bunch of your friends and even make a percentage of what was sold.